STORY OF THE DAY
Scott.Weber Workspace plans further expansion, not only in Prague

Story of the week

News Scott.Weber Workspace plans further expansion, not only in Prague
25
May
2022

Scott.Weber Workspace plans further expansion, not only in Prague

by Tumova Vera
Adam Zvada, CEO of Scott.Weber Workspace in Prague talked to Property Forum about the trends driving the flex workspace market and provided some insight into the company's expansion plans.
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Residential

News Bucharest Iulian Rusu NEPI Residential NEPI Rockcastle Romania
25
May
2022

NEPI Rockcastle resi project in Bucharest reaches 35% sale rate

by Property Forum
NEPI Rockcastle says it has reached a 35% sale rate for its first residential project in Bucharest in the first seven months of development.
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PPF Real Estate enters the US residential market LivUp launches second long-term rental project in Warsaw PSN prepares large rental projects in Prague

Office

News Cushman&Wakefield office Poland
25
May
2022

Poland’s office stock tops 12.5 million sqm

by Property Forum
Cushman & Wakefield has published a summary of the first quarter of 2022 on the largest office markets in Poland. New supply rose by 60% year-on-year, while the overall vacancy rate edged up by 1.7 pp.
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AFI completes refurbishment of Bucharest office building EU Space Programme Agency may move to Prague's Palmovka

Investment

News Czech Republic fund Germany logistics office pbb Poland real estate REICO Warsaw
25
May
2022

pbb provides €118 million loan to REICO 

by Property Forum
pbb Deutsche Pfandbriefbank has provided a €118 million credit facility to the open-ended ČS Real Estate Fund (Nemovitostni fond České spořitelny), the biggest real estate fund on the Czech market, managed by REICO. The facility will be used to fund the acquisition of two newly built logistic properties in Upper Silesia as well as for the refinancing of an office building in Warsaw.
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Echo Investment summarises successful beginning of the year LCP Group buys retail park in Pleszewo Spaceflow raises €8 million and aims for IPO

Career

News career Colliers management Poland promotion
25
May
2022

Colliers promotes experts to Senior Partners in Poland

by Property Forum
Agnieszka Krzekotowska and Dorota Pacławska have been promoted to the position of Senior Partners at Colliers. The promotions increase the Senior Partner group in the company to 10 people, which in addition to Agnieszka and Dorota includes: Monika Rajska-Wolińska, Paweł Skałba, Maciej Chmielewski, Sylwia Pędzińska, Piotr Mirowski, Jonathan Cohen, Marta Machus-Burek and Dorota Wysokińska-Kuzdra.
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Crestyl introduces new ESG manager C&W Poland appoints Mariola Bitner as Head of Workplace Strategy Nordis Group adds new shareholders

Industrial

News Alza Hungary industrial logistics warehouse lease
25
May
2022

GLP leases 22,000 sqm near Budapest to Alza

by Property Forum
GLP, a leading investor and developer of logistics warehouses and distribution parks, has signed a long-term lease agreement with online retailer Alza.hu for a 22,000 sqm warehouse at Sziget Logistics Centre, Hungary. Construction is already in progress, and the building is due to be finalized in Q3 2022.
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Contera to develop €22 million logistics park in Žiar nad Hronom ELBI leases 15,000 sqm in P3 Bucharest A1 Dr. Schneider Automotive to move into Panattoni Park Jelenia Góra

Report

News CEE financial report Immofinanz report
25
May
2022

Immofinanz records €72 million net profit in Q1 2022

by Property Forum
Immofinanz’s like-for-like rental income rose by 4.3% in the first quarter of 20221, the occupancy rate remained high at 94.4%, and FFO 1 before tax was stable at a very good level of €34.4 million. Net profit totalled €72.4 million, compared with a substantial positive effect in the first quarter of the previous year from the revaluation of the stake in S Immo. With an equity ratio of 52.3% and a conservative debt level with a net LTV of 32.7%, Immofinanz has a strong capital foundation.
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CA Immo triples consolidated net earnings Polish logistics and industrial sector is still attractive for investors Location is crucial in choosing an office but not in the way one might think

Hotel

News Croatia development hotel Pula Radisson Hotel Group SEE
23
May
2022

Radisson Hotel Group opens repositioned hotel in Pula

by Property Forum
Radisson Hotel Group announced the debut of its luxury lifestyle Radisson Collection brand in Croatia, with the opening of Grand Hotel Brioni Pula, A Radisson Collection Hotel. This follows an extensive £30 million repositioning of the legendary Hotel Brioni, one of Croatia’s best-known hotels, by Radisson Hotel Group’s partner PPHE Hotel Group and its Croatian subsidiary Arena Hospitality Group.
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Bucharest-based Golden Tulip Victoria hotel sold Hungary’s hotel market gets more attractive for foreign investors Ensana hotel group invests €9 million in Romania

Economy

News Bratislava city development report revitalisation Slovakia
23
May
2022

Bratislava has a new plan for recovering the old town

by Property Forum
Since the 1970s, the centre of Bratislava's Old Town has been divided by the multi-stream road Staroměstská Street. The City Hall, together with the Bratislava Metropolitan Institute, now has a plan to improve the area. They want to build a park and a large pedestrian plaza above the road to bring the divided city together and add a new residential and recreational space to the city, the Slovak capital's city hall has announced.
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Obtaining a building permit in Slovakia to become faster Czech gov't wants digitalisation instead of a central building authority Slovakia approves new laws on construction and spatial planning

Retail

News Adventum Group JLL leasing Poland Wrocław
23
May
2022

JLL to advise on Sky Tower's commercialisation

by Property Forum
Adventum Group has entrusted JLL advisors with the commercialisation of the retail and service section of the Sky Tower multifunctional complex in Wrocław.
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Stop Shop portfolio reaches 100% occupancy in Hungary Karuzela Puławy retail centre opens Scallier's Romanian portfolio to reach 11 retail parks

Interview

News Ghelamco interview Kraków office Poland residential Warsaw
13
May
2022

Demand for high-quality office space is still there

by Michał Poręcki
Many office developers expect to see a supply gap in Warsaw over the next few years and some are ready to take advantage of this opportunity. Jeroen van der Toolen, Managing Director – CEE at Ghelamco talked to Property Forum about the changes in the Polish office market, the incoming supply gap and the company`s interest in the PRS sector.
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M7 Real Estate bets on logistics and its existing markets in CEE Rising rents can make up for increasing development costs

New leases

  • The first building of 8,000 sqm of the fully sustainable logistic Garbe Green Park Piestany is already fully leased and the development process of the second building is starting soon.
  • Crown Square, an office building located near Rondo Daszyńskiego metro station in Warsaw, will welcome three new tenants: Foodcom (1,000 sqm), Orifarm (400 sqm) and Avenga (300 sqm). The landlord was advised on the transactions by real estate advisory firm Savills.
  • BIMs Plus Poznań, distributor of heating, ventilation and air-conditioning technology products as well as plumbing system and technology products has leased more than 4,700 sqm of space at the MLP Poznań West logistics park.

New appointments

  • Dorota Mielke has joined Office Agency team of BNP Paribas Real Estate Poland and taken the position of Associate Director. Her main task in the new role will be taking care of business development and advising on office strategies and space rental.
  • Dariusz Domański has been promoted to be a Managing Partner at White Star Real Estate in Poland. He will be responsible for Residential Development business of White Star Real Estate and White Star Residential Management operating businesses. Darek will also continue to manage White Star’s flagship project- Elektrownia Powiśle.
  • Mariusz Cieśliński has joined the Polish team of MNK Partners to take up the position of Investment Manager. In his new role, he will be responsible for supporting the investment processes of funds across Europe.

Latest news




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